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Feb 28, 2014
02/14
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help drop the deficit sharply. that will end the corrupt subsidies to the coal and gas sector. >> where does this leave the eu? this is a country that if it were to become part of the eu would be bringing on a whole a lot of problems. it is effectively another grease type situation in terms of being in debt. eu'soes that leave the feeling toward ukraine knowing if they were to welcome them in, they would be taking on most -- a host of economic problems. ? one of the wings to bear in mind -- one of the things to bear in mind is that the ukraine is split between the east and west. many people in the west are pro-europe and those in the east are more pro-russia. i think we will have to wait to see what happens with the new government and whether they can forge a national unity before we can start talking about what this will mean for europe. >> thank you very much for joining us and we will continue checking in throughout the day. x and the senior fellow at the peterson institute in washington, d.c. you are looking at
help drop the deficit sharply. that will end the corrupt subsidies to the coal and gas sector. >> where does this leave the eu? this is a country that if it were to become part of the eu would be bringing on a whole a lot of problems. it is effectively another grease type situation in terms of being in debt. eu'soes that leave the feeling toward ukraine knowing if they were to welcome them in, they would be taking on most -- a host of economic problems. ? one of the wings to bear in mind...
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Mar 3, 2014
03/14
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BLOOMBERG
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>> the difficulty that the russian budget is experiencing is that they are having an expanding deficit at $110 a barrel. if we go back several years, they're doing rather well balancing the budget at $60 a barrel. every single increased difficulty in funding export into what is the kremlin our needs and that is a full flow of finance. >> how much substitution can there be? are there ways around the situation? >> no. the energy crisis in the ukraine will become acute and quickly. , thered no difficulty was an arrangement that had been set up between ukraine and russian gas prom -- and russian azprom. there were supposed to be an extension of credit. all of that is over. it is back to cash on the barrel head and ukraine cannot afford to buy natural gas. an lngalking about terminal outside of odessa, but that will not particularly help. one problem people have not really looked at yet is the ukrainians, like a number of people in europe, have been relying on toward coal to offset the natural gas pricing situation. there are some reverberations this morning from the netscape onetsk. intern
>> the difficulty that the russian budget is experiencing is that they are having an expanding deficit at $110 a barrel. if we go back several years, they're doing rather well balancing the budget at $60 a barrel. every single increased difficulty in funding export into what is the kremlin our needs and that is a full flow of finance. >> how much substitution can there be? are there ways around the situation? >> no. the energy crisis in the ukraine will become acute and...
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Feb 27, 2014
02/14
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BLOOMBERG
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how do i differentiate as i look the key issue for me is who is dealing with a budget deficit or who is not raising interest rates. what is the critical issue for you? willdonesia for example mark itself out as different from the others. elsewhere,ine and don't be too concentrated in emerging markets. political risk is large and it is not very well-predicted by investors. do be well diversified. take some overweight and underweight positions. we tend to be overweight the small countries and underweight the largest ones. underweight the brics historically. that can be difficult when china is on a strong rally. good stead over the long term. >> what is going on in china? i come in everyday, we have the yuan on the move, we are trying to lure him the currency? there is something very interesting in the past couple of weeks in china. >> they have to squeeze the excess is out of the system and it is going to be painful. we talked about volatility earlier. we can expect that to spike up later in the year. there is going to be some headline news out of china as this credit excess is squeeze
how do i differentiate as i look the key issue for me is who is dealing with a budget deficit or who is not raising interest rates. what is the critical issue for you? willdonesia for example mark itself out as different from the others. elsewhere,ine and don't be too concentrated in emerging markets. political risk is large and it is not very well-predicted by investors. do be well diversified. take some overweight and underweight positions. we tend to be overweight the small countries and...
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Mar 5, 2014
03/14
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things india has been working on the largest deficit is one that is pretty sudden. they will behind going with the smaller parties and it is like a game of cricket. but they really want to see is to find the stable location that will bring in certainty and bring it back to the table. we will see that by the 16th of may. the upcomingout indian elections. >> when we come back, we will hear more about microsoft and the somebody who knows a thing or two about it. stay with us here on "countdown." ♪ >> welcome back to "countdown." microsoft former chief executive steve ballmer speaking one month after leaving the tech giant and bloomberg was there. for more, let's bring in caroline hyde with the details on what was a fascinating evening. >> wait for it. wait for it. there, on the bottom right. >> bloomberg presents the oxford union debate. with bloomberge having this relationship with the oxford union and he was fascinating. this is the first time he was x ceo. speak as the he is still on the board and one of the bigger shareholders but no longer running a. he spoke ve
things india has been working on the largest deficit is one that is pretty sudden. they will behind going with the smaller parties and it is like a game of cricket. but they really want to see is to find the stable location that will bring in certainty and bring it back to the table. we will see that by the 16th of may. the upcomingout indian elections. >> when we come back, we will hear more about microsoft and the somebody who knows a thing or two about it. stay with us here on...
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Mar 2, 2014
03/14
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KTVU
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we're talking about the deficits at the end of the -- >> i am talking about the deficits. the deficits go up. >> we'll submit a budget in a couple days. >> what were you going to say senator portman? >> no, chris, look, we clearly have a growing debt problem. this is the most predictable crisis in the country. the president refuses to deal it with. if you look at his budget last year, it barely had deficit reduction relative to what would happen otherwise. in other words, there was a slight decrease in the deficit. you would hope there would be a significant one. but the only reason there was was because there was a provision in there about a more accurate measure of inflation under the cpi and social security. we now hear that he's actually going to take that out of the budget at a time when social security has a $63 billion short fall every year at a time again when we were told by this nonpartisan congressional budgets office things are getting worse not better. if he takes that out as he's going to do based on the leaks because it's a partisan political year, he's not
we're talking about the deficits at the end of the -- >> i am talking about the deficits. the deficits go up. >> we'll submit a budget in a couple days. >> what were you going to say senator portman? >> no, chris, look, we clearly have a growing debt problem. this is the most predictable crisis in the country. the president refuses to deal it with. if you look at his budget last year, it barely had deficit reduction relative to what would happen otherwise. in other...
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Mar 4, 2014
03/14
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at a time when our deficits are falling at the fastest rate in 60 years, we have to decide if we are going to keep squeezing the middle class, or continue to reduce the deficits responsibly, while taking steps to grow and strengthen the middle class. the american people have made clear time and again which approach they prefer. that is the approach my budget offers. that is why i am going to fight for it is here and in the years to come as president. thank you very much, everybody. michael? >> do you have any response to president putin's press conference? is chancellor merkel right that he has lost touch with reality? >> i have not spoken to him since i spoke to him this past weekend. but obviously, me and my national security team have been watching events unfolding in ukraine very closely. i met with them again today. as many of you know, john kerry is in key avenue as we speak, at my direction. as we speak, at my direction, with full support for the ukrainian people. we have been working with our partners and the imf to build support for a package that helps to stabilize ukraine'
at a time when our deficits are falling at the fastest rate in 60 years, we have to decide if we are going to keep squeezing the middle class, or continue to reduce the deficits responsibly, while taking steps to grow and strengthen the middle class. the american people have made clear time and again which approach they prefer. that is the approach my budget offers. that is why i am going to fight for it is here and in the years to come as president. thank you very much, everybody. michael?...
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Mar 2, 2014
03/14
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FOXNEWSW
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in other words, there was a slight decrease in the deficit. you would hope there would be a significant one. but the only reason there was was because he had a provision in there about a more accurate measure of inflation under the cpi and social security. we now hear that he's actually going to take that out of the budget at a time when social security has a $63 billion shortfall every year, at a time again when we're told by this nonpart sap congressional budget office things are getting worse, not better. so if he takes that out as apparently he'll do businessed on the leaks because it's partisan political year, he's not going to have any can he have deficit reduction. so if that is true, boy, again, this is not responsible.he have deficit reduction. so if that is true, boy, again, this is not responsible. this is not responsive to what is really happening. >> let me bring in congressman van hollen. what we're talking about by far the biggest part of the budget and that is entitlements. last year as part of the budget, the president include
in other words, there was a slight decrease in the deficit. you would hope there would be a significant one. but the only reason there was was because he had a provision in there about a more accurate measure of inflation under the cpi and social security. we now hear that he's actually going to take that out of the budget at a time when social security has a $63 billion shortfall every year, at a time again when we're told by this nonpart sap congressional budget office things are getting...
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Mar 5, 2014
03/14
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what is the deficit number in this proposal and define the two. >> guest: deficits are how much the government spends minus how much they raise in revenue. and they are measured in percentage of economy activity. it is around 4% and coming down fast. i think it is estimated to end around 3% and in the 2's next year so that is a big decline from 2010 where it was 10%. so that is progress. as long as the economy is growing faster than 2%, it will be a decline. every year you spend more than you have, and borrow money and that adds to the debts. so they would come down to a 1.6% gdp. the president will raise taxes on a trillion dollars mainly on wealthy people but some middle class as well. it would probably work. but it is a huge controversy from the taxes. ... thank you for taking my call. independent because most of us americans have caught onto the big blame game. , andeach blame each other basically they are on the same team. they have different ways to go about it. my main problem is the epa. we are giving him close to $8 million, and it'll do nothing for us. they let the fracking industry
what is the deficit number in this proposal and define the two. >> guest: deficits are how much the government spends minus how much they raise in revenue. and they are measured in percentage of economy activity. it is around 4% and coming down fast. i think it is estimated to end around 3% and in the 2's next year so that is a big decline from 2010 where it was 10%. so that is progress. as long as the economy is growing faster than 2%, it will be a decline. every year you spend more than...
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Mar 2, 2014
03/14
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deficits in the national flood insurance program. they are undoing the work to providing relief. the house will take up an energy will restrictich the epa's regulation of carbon emissions by coal-fired plants. this is a big priority of utilities. it would require any limits for new plants to be based on existing technology. it will be a theme this week. there will be several energy bills, just like there was a theme last week about excessive regulation. we thank bettelheim, you for the lookahead. as always sir, thank you for your time. >> my pleasure, sir. >> on the next washington journal, national review --umnist talks about us joins us to talk about the tea party. followed by brandywine garden -- eingarten. in thejoined with daniel council of foreign relations. washington journal is live at 7:00 a.m. eastern. what we're told, both as students and as a nation, is there are all kinds of siddons and marches and demonstrations and occur. -- sit in's marches and demonstrations that occur. barks --it was rosa basically, it was rosa park
deficits in the national flood insurance program. they are undoing the work to providing relief. the house will take up an energy will restrictich the epa's regulation of carbon emissions by coal-fired plants. this is a big priority of utilities. it would require any limits for new plants to be based on existing technology. it will be a theme this week. there will be several energy bills, just like there was a theme last week about excessive regulation. we thank bettelheim, you for the...
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Mar 6, 2014
03/14
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KCSM
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persistently high current account surplus of two mb which not to create a risk to the cinema to notch deficits bought but didn't the government then should aim at posting going on to domestic amman to generate investment and strength and growth potential. sending missiles sams great technical but in fact is extremely controversial isn't it that tell us about jenny's reaction to david. it's quite interesting right. what the news of today is is not an official response of the german government consists of in official. it's an internal paper of the german ministry of economics where for the first time ever. the government to pull these officials of the ministry s speaking of cancer risks and detrimental effects of large imbalances to all for export import in between the eurozone which could mean that soon. the new government in berlin that might introduce about of the business to policies of posting them on and creating a new binder full of costs rising stock prices. well today though the stock prices are rising the boxes down about a quart of ups and the use of safety and extreme much unchanged.
persistently high current account surplus of two mb which not to create a risk to the cinema to notch deficits bought but didn't the government then should aim at posting going on to domestic amman to generate investment and strength and growth potential. sending missiles sams great technical but in fact is extremely controversial isn't it that tell us about jenny's reaction to david. it's quite interesting right. what the news of today is is not an official response of the german government...
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Mar 2, 2014
03/14
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deficits in the national flood insurance program. they are undoing the work to providing relief. the house will take up an energy bill -- one which will restrict the epa's regulation of carbon emissions by coal-fired plants. this is a big priority of utilities. it would require any limits for new plants to be based on existing technology. that is -- it will be a theme this week. there will be several energy bills, just like there was a theme last week about excessive regulation. >> adriel bettelheim, we thank you for the lookahead. as always sir, thank you for your time. >> my pleasure, sir. >> on the next washington journal, national review columnist talks about us -- joins us to talk about the tea party. followed by randi weingarten. we are joined with daniel in the council of foreign relations. washington journal is live at 7:00 a.m. eastern. >> is this a technique you hope will prove fruitful? reagan hadour of less to do with the hollywood roots per se. ofwasn't the climber hollywood exactly. it had to do with the skills and grac
deficits in the national flood insurance program. they are undoing the work to providing relief. the house will take up an energy bill -- one which will restrict the epa's regulation of carbon emissions by coal-fired plants. this is a big priority of utilities. it would require any limits for new plants to be based on existing technology. that is -- it will be a theme this week. there will be several energy bills, just like there was a theme last week about excessive regulation. >> adriel...
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Feb 26, 2014
02/14
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it's not getting its deficit under control. in front so that economic growth is always holding the covering supported by a brother to me to pick up truck in private consumption. europe's powerhouse germany could be in trouble selling a completely different way gemini is in showing steady growth thanks to blame domestic demand. but it's been criticized by other nations for escorting far more points than it imports that could be against eu worlds. grants commission is due to produce a report on the matter next week alternative markets now where we got a lot of mixed signals and trading in germany as a reporter at the frankfurt stock exchange the lead ups. these are good times for german companies for the big ones in the backs of all the more. basf has in the us prison as medical care the charter company a subsidiary of freezing spl presented solid results basf with a two thousand thirteen as good as never before. but it was not enough for investors. all three shares went down. indeed it is an answer and cousin yes medical care tu
it's not getting its deficit under control. in front so that economic growth is always holding the covering supported by a brother to me to pick up truck in private consumption. europe's powerhouse germany could be in trouble selling a completely different way gemini is in showing steady growth thanks to blame domestic demand. but it's been criticized by other nations for escorting far more points than it imports that could be against eu worlds. grants commission is due to produce a report on...
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Mar 5, 2014
03/14
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CSPAN
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at a time when our deficits are falling at the fastest rate in 60 years, we have to decide if we are going to keep squeezing the middle class or if we're going to continue to reduce the deficits responsibly, while taking steps to grow and strengthen the middle class. the american people have made clear time and again which approach they prefer. that is the approach my budget offers. that is why i am going to fight for it this year and in the years to come as president. thank you very much, everybody. michael? >> do you have any response to president putin's press conference this morning? is chancellor merkel right that he has lost touch with reality? have you spoken to him personally? >> i have not spoken to him since i spoke to him this past weekend. but obviously, me and my national security team have been watching events unfolding in ukraine very closely. i met with them again today. as many of you know, john kerry is in kiev as we speak, at my direction. he's expressing our full support for the ukrainian people. over the past several weeks, we've been working with our partners an
at a time when our deficits are falling at the fastest rate in 60 years, we have to decide if we are going to keep squeezing the middle class or if we're going to continue to reduce the deficits responsibly, while taking steps to grow and strengthen the middle class. the american people have made clear time and again which approach they prefer. that is the approach my budget offers. that is why i am going to fight for it this year and in the years to come as president. thank you very much,...
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Mar 3, 2014
03/14
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ALJAZAM
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and they reduced the deficit for a header. and barsa two other goals came from later in the second half. defender calis and a curler from hernandez stealing the victory and they move barsa into second, i'm richard with al jazeera. >> reporter: dropped points in the chase for a championship and they were held and the penalty was cancelled out. and he stays fifth. and a city manager manual has domestic trouble after they won the english lead cup and it was 3-1 at london stadium and they went through and they sealed the victimry through second half goals. >> translator: the first half was difficult. but it was necessary to remember sunderlund beat chelsea and manchester united and we had to wait because it was difficult but a victory in the final was victory in the final and not a favorite and we won this year and did the work necessary and the fact we didn't win last year was because we didn't do the work needed. >> reporter: in italy syria has gone 11 points clear of second place roma and beat milan 2-nil thanks to goals and th
and they reduced the deficit for a header. and barsa two other goals came from later in the second half. defender calis and a curler from hernandez stealing the victory and they move barsa into second, i'm richard with al jazeera. >> reporter: dropped points in the chase for a championship and they were held and the penalty was cancelled out. and he stays fifth. and a city manager manual has domestic trouble after they won the english lead cup and it was 3-1 at london stadium and they...
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Mar 3, 2014
03/14
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ALJAZAM
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al maria reduced the deficit, two other goals came from two of their stalwarts late in the second half. defender car carlos pulo, richad barth al jazeera. >> it was a thrilling final round at the honda classic in florida where the title was decided in a four man playoff. tiger woods began seven shows behind, but he was forced to withdraw with a back injury. double bogey, four-over 74, missed the eagle putt, for the final hole of the outright win. henley, only second pag victory. >> it was a rush to be out there, playing with rory. i've never played or bean part of the crowd so big. it was just an amazing feeling. i feel like i kind of got them going and it was so much fun. i hope i can have a bunch more sundays just hike that in my career. >> i didn't -- like that in my career. >> i didn't play well enough to deserve the tournament. just wasn't in control. my golf ball coming down the stretch. but you know still had a chance to win the tournament, didn't quite do it, and just had an awkward distance from my second in the playoff and a couple of awkward lies, couldn't make birdie but it
al maria reduced the deficit, two other goals came from two of their stalwarts late in the second half. defender car carlos pulo, richad barth al jazeera. >> it was a thrilling final round at the honda classic in florida where the title was decided in a four man playoff. tiger woods began seven shows behind, but he was forced to withdraw with a back injury. double bogey, four-over 74, missed the eagle putt, for the final hole of the outright win. henley, only second pag victory. >>...
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Mar 4, 2014
03/14
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. >> the other thing is how weak the ukrainian government is, they have been running deficits, they have almost no money in their treasury. so what do you need to be strong? you need a good economy, right? >> we solved it all. >> next, mitt romney and sarah palin warned years ago about what is happening in russia today. they were mocked by president obama and others on the whole left. we have the tape. >>> and later, stars, selfies, and slices at the academy awards last night. stay tuned for our thoughts on the big show on this big show. >>> so, sarah palin could see russia from her house, or rather putin's threats. she warned us in 2008 if barack obama wins, his indecision and moral equivalence may spur putin to invade ukraine. she was mocked for it because as you know, she talks funny and stuff. who could forget the debate that obama had a lame joke that poked fun at mitt for calling him a foe. >> russia is a geopolitical foe. excuse me, it's a geopolitical foe, and i said in the same paragraph, i said, and iran is the greatest national security threat we face. russia does continue to
. >> the other thing is how weak the ukrainian government is, they have been running deficits, they have almost no money in their treasury. so what do you need to be strong? you need a good economy, right? >> we solved it all. >> next, mitt romney and sarah palin warned years ago about what is happening in russia today. they were mocked by president obama and others on the whole left. we have the tape. >>> and later, stars, selfies, and slices at the academy awards...
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Mar 3, 2014
03/14
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. >> this is most seriously the biggest deficit of our lives since the cold war ended. >> pressure is on the mid-west to do something. >> this will get worse before it gets better. >> you got to believe it's over. >> we have to be in this for the long haul. >> it's now unclear just what the west can do about it. >> john kerry arrived in ukraine tomorrow. >> putin is not going to back off this without some real effort to make a verdict. >> a full blown cold war like showdown. >> we dropped 20 degrees since midnight. >> the cold war chess game in the ukraine continues today. by a look at it, we are a long way from check mate. they have seized the crimea union with 6,000 ground and naval forces in the region. the tensions worsened when ukraine's acting president accused russia of executing the military standoff and blocking ukrainian navy vessels. ukraine's new government claims russia issued an ultimatum for forces to surrender within an hour or face an armed assault. russia denies these assaults. the state department said today if they are true, it represents a dangerous turn of events
. >> this is most seriously the biggest deficit of our lives since the cold war ended. >> pressure is on the mid-west to do something. >> this will get worse before it gets better. >> you got to believe it's over. >> we have to be in this for the long haul. >> it's now unclear just what the west can do about it. >> john kerry arrived in ukraine tomorrow. >> putin is not going to back off this without some real effort to make a verdict. >> a...
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Mar 5, 2014
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they talk about obsessions with deficits and debt. and then they refuse to raise revenue in any form or fashion. >> advertisement reform with the chained cpi last year. they don't back him when he is trying to do what they say they want to do. >> they predicate their position on ignorance. and nobody actually calling them out. i mean, the sound that you played at the beginning of this segment, that's the -- that's all you need to know about the republican party. on the one hand, on the other hand. and in the meantime, if you ever ask them for a meaningful piece of policy, of governable policy, they have nothing. >> you know the guy's running around a big arena, trying to get to the farthest right. well, they always want to be the hardest rail to the right. take a look at lindsey graham here, who seems oftentimes a reasonable guy, but he is so scared of looking reasonable because it will get him killed in south carolina. on twitter he wrote today, isn't it original? it started with benghazi. when you kill americans and nobody pays a pr
they talk about obsessions with deficits and debt. and then they refuse to raise revenue in any form or fashion. >> advertisement reform with the chained cpi last year. they don't back him when he is trying to do what they say they want to do. >> they predicate their position on ignorance. and nobody actually calling them out. i mean, the sound that you played at the beginning of this segment, that's the -- that's all you need to know about the republican party. on the one hand, on...
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Mar 3, 2014
03/14
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FOXNEWSW
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. >> the other thing is how weak the ukrainian government is, they have been running deficits, they have almost no money in their treasury. so what do you need to be strong? you need a good economy, right? >> we solved it all. >> next, mitt romney and sarah palin warned years ago about what is happening in russia today. they were mocked by president obama and others on the whole left. we have the tape. >>> and later, stars, selfies, and slices at the academy awards last night. stay tuned for our thoughts on the big show on this big show. your eyes pend on a unique set ofutrients. [ male announcer ] that's why there's ocuvite. ocuvithelps replenish y eye nutrients. ocuvite has a unique formula that's just not found in any leading multivitamin. help protect your eye health with ocuvite. was a truly amazing day.ey,t your eye health without angie's list, i don't know if we could have found all the services we needed for our riley. for over 18 years we've helped people take care of the things that matter most. join today at angieslist.com when jake and i first set out on we ate anything. but
. >> the other thing is how weak the ukrainian government is, they have been running deficits, they have almost no money in their treasury. so what do you need to be strong? you need a good economy, right? >> we solved it all. >> next, mitt romney and sarah palin warned years ago about what is happening in russia today. they were mocked by president obama and others on the whole left. we have the tape. >>> and later, stars, selfies, and slices at the academy awards...
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Mar 6, 2014
03/14
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KNTV
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we're going to keep this rainy pattern going, making up for the def sth deficit. you can see we're starting to clear out and that will be the story. gradual clearing, the temperatures close to 70. we'll get in the 70s tomorrow. just in time for friday. again you can see that live radar does show over the past few hours rain moving through. even snowfall. about a couple inches above 7,000 feet. you can see right now clouds, that's our cold front moving through the band of cloud cover. once this moves through you'll be done with low clouds and sunshine is expected to return. today temperatures not overly warm, close to 60 degrees in san francisco, over toward the east bay. back in the mid-60s and in the south bay a mix of sun and clouds. 66 degrees will do it for your average. plenty of sunshine as we get into the weekend. tomorrow we begin our warming trend close to 70. by saturday and sunday lots of 70s. we'll see low to mid 70s both days. the chance of rain does return and that looks like it's going to arrive into monday morning. in time to start the next work we
we're going to keep this rainy pattern going, making up for the def sth deficit. you can see we're starting to clear out and that will be the story. gradual clearing, the temperatures close to 70. we'll get in the 70s tomorrow. just in time for friday. again you can see that live radar does show over the past few hours rain moving through. even snowfall. about a couple inches above 7,000 feet. you can see right now clouds, that's our cold front moving through the band of cloud cover. once this...
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Mar 4, 2014
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KQED
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today we're gonna talk about the most controversial medical issue of our time, attention deficit disorder,
today we're gonna talk about the most controversial medical issue of our time, attention deficit disorder,
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Mar 5, 2014
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CNBC
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. >> ukraine has about a $20 billion deficit in energy. most of that comes from russia. one of the main aims -- >> does ukraine have its own domestic sources of energy? >> not much. >> it could. it?x'eeds to be developed. >> i just read a story where that gas company is going to be pulling back, part of their effort to diversify. they tried to do that. one of the aims of western reform will be to get rid of the domestic fuel subsidies, bring it up to a more western level. what does that mean? it means helping pay the bills of average ukrainians. that bill is from russia. if it's rubles or -- no matter how many consonants are in the currency it's still fungible. >> they are in arears by more than $1.5 billion. that first payment goes directly to gas. >> let's talk about another couple stories on your beats. first with you and china, and you maintain that possibly, possibly china is facing a bear stearns kind of moment. >> the first corporate bond defaults in chinese modern history. remember, they didn't issue corporate bonds for a long time because they were communist. th
. >> ukraine has about a $20 billion deficit in energy. most of that comes from russia. one of the main aims -- >> does ukraine have its own domestic sources of energy? >> not much. >> it could. it?x'eeds to be developed. >> i just read a story where that gas company is going to be pulling back, part of their effort to diversify. they tried to do that. one of the aims of western reform will be to get rid of the domestic fuel subsidies, bring it up to a more western...
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difficult steps need to be undertaken to right size gas prices and trim budget deficits, but ukraine should be given a long enough lease so that these necessary reforms don't strangle a nation today dealing with threats to its very existence. second cry me i can't. -- crimea. they have invaded and the very accord they signed guaranteeing crimea's territory. no doubt president putin was sore and no doubt he didn't like the fact that the united states voiced its strong support for the right of a sovereign ukraine to make independent decisions about its future partnerships and no doubt he is infuriated that the ukrainian people are now on their way to getting their way. but this is not a schoolyard. you don't get to push around weaker kids just because you don't like them. this is the 21st century. the reason we belong to organizations like the united nations or the reason we negotiate treaties like the budapest memorandum is because we now understand, after centuries of european war, how destabilizing this kind of behavior is. the irony for russia, of course, is that this invasion demo
difficult steps need to be undertaken to right size gas prices and trim budget deficits, but ukraine should be given a long enough lease so that these necessary reforms don't strangle a nation today dealing with threats to its very existence. second cry me i can't. -- crimea. they have invaded and the very accord they signed guaranteeing crimea's territory. no doubt president putin was sore and no doubt he didn't like the fact that the united states voiced its strong support for the right of a...
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's slash toidents deficit has been mitigated. on the front page of "the washington post," the republican response. the budget from the republicans will focus on welfare reform. a 204yan will publish page critique, questioning the efficacy of dozens of initiatives and underscoring where republicans say consolidation or spending reductions are needed. democrats line. caller: my name is patrick. i want to talk about the guy that just called talking about the revolt that he wants people to revolt in america. this guy is sitting on his high somewhere,e suburbs eating snickers bars. we are not going to go there. ukraine is a part of russia. it has been a part of russia for the last couple hundred years. we all know that. america, the european union, they have no business in the affairs of russia and ukraine. america needs to clean up its own house before you can go overseas. those folks are fighting for independence. host: that as a last call. we continue on with our discretion about ukraine. josh rogin will join us. later on, how smal
's slash toidents deficit has been mitigated. on the front page of "the washington post," the republican response. the budget from the republicans will focus on welfare reform. a 204yan will publish page critique, questioning the efficacy of dozens of initiatives and underscoring where republicans say consolidation or spending reductions are needed. democrats line. caller: my name is patrick. i want to talk about the guy that just called talking about the revolt that he wants people...
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so, a year in review, in terms of deficit reductions. when the budget came out last year, it was predicted $1.1 trillion. it was 680 in the end. about a $400 billion deficit reduction from 2012 to 2013. then, we have a situation where i think hopefully we've broken the fever on the issues of having conversations about default. >> money that's overseas. are there efforts to bring money overseas permanently back to the states? >> it depends on how one is talking about that. we want to create a system that is clear and that is helpful for our companies to know what they're doing, how they're doing. and not discourage investments from coming back and finances from coming back to the u.s. >> tell me about going from bettenville, arkansas, in the private sector, back to the government. >> walmart is an institution of execution. that is what it is certainly known for. and fortunate to spend time and to be there. coming back to the federal government, certainly, as you reflected, one has to work and work on both sides of the aisle. i go up and d
so, a year in review, in terms of deficit reductions. when the budget came out last year, it was predicted $1.1 trillion. it was 680 in the end. about a $400 billion deficit reduction from 2012 to 2013. then, we have a situation where i think hopefully we've broken the fever on the issues of having conversations about default. >> money that's overseas. are there efforts to bring money overseas permanently back to the states? >> it depends on how one is talking about that. we want to...
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we're looking at having a deficit this year of like roughly 3% of gdp. a couple of years ago it was 10% plus. everybody thought we would never get out of those deficits. things are not static. maybe even you two -- i never thought we'd be where we are today. things are not static. >> great point. >> very quickly, guys, the model i ran this morning, it may be a double digit number, the model that i ran. which is not the most reliable number out there. the one i ran is a double digit. >> high double digits. >> how did the market react to that? double digit gains. a double digit number, not even 100,000 on the jobs report tomorrow. >> less than 100,000? >> yes. >> i think the mark set expecting probably less than 100,000, expecting high double digits versus low double digits. >> rick, what's up? >> i'd like you to ask our guest, i didn't find his explanation for the lack of productivity very good. i think if you don't get a good answer to it, you end up like japan. some of the new research i see, everybody trying to explain the 25 years of malaise, it reall
we're looking at having a deficit this year of like roughly 3% of gdp. a couple of years ago it was 10% plus. everybody thought we would never get out of those deficits. things are not static. maybe even you two -- i never thought we'd be where we are today. things are not static. >> great point. >> very quickly, guys, the model i ran this morning, it may be a double digit number, the model that i ran. which is not the most reliable number out there. the one i ran is a double digit....
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then also because of the high level of inflation, imbalances you have because of the current account deficits, you need to keep monitoring fiscal policy quite tight. you have to be a lot deeper into the upcoming fiscal year before you see contraction growth and that has to come on the back of implementation of projects, some of the economic reform issues that have been announced since may 2012. >> so i guess may is the key if we're looking for measures like this to be introduced. do you think that's going to be a turning point for the country? >> well, i think there's a few questions about will the government get enough of the mandate and therefore be able to, on the back of that, implement policies, but that remain toes be seen. so it might not be easy for some of the incumbent parties to necessarily muster the vote they need to have. but it's true, post elections, you know, in principal we should be more a possibility to get more on the petition side of these policies, let preoccupation with elections nearing, if you will. the kick start of the investment cycle, all of that cannot be turned
then also because of the high level of inflation, imbalances you have because of the current account deficits, you need to keep monitoring fiscal policy quite tight. you have to be a lot deeper into the upcoming fiscal year before you see contraction growth and that has to come on the back of implementation of projects, some of the economic reform issues that have been announced since may 2012. >> so i guess may is the key if we're looking for measures like this to be introduced. do you...
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some would increase the deficit. others would not. and so if we can find a way to do it where we don't increase the deficit, and i think the president will have proposals on the table to do that, that may be an area of common ground. >> ukraine, a lot going on there. are you the only person in congress born in karachi? >> no doubt about it. i'm the one american karachi caucus. >> a long line of public service in your family to state and stuff like that. can you help us? what are we supposed to be doing here with the ukraine? >> with ukraine. >> everyone knows that's important territory in the heart of europe. i think right now, we need to be working very closely. with our european allies to identify right away a whole menu of economic sanctions that we would apply in the event that the russians don't move their troops out of crimea. they can, of course, garrison on their base but they need to evacuate other parts of the crimea. we would have that in place. at the same time, we need to be working with the new government in kiev to make
some would increase the deficit. others would not. and so if we can find a way to do it where we don't increase the deficit, and i think the president will have proposals on the table to do that, that may be an area of common ground. >> ukraine, a lot going on there. are you the only person in congress born in karachi? >> no doubt about it. i'm the one american karachi caucus. >> a long line of public service in your family to state and stuff like that. can you help us? what...
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brown turned a $25 billion deficit in 2011 into a surplus this year. his approval rating is at an all-time high at 58%. the state's open primary is in june. >>> and on the cover of "people" magazine, paula deen is opening up about her career-shattering scandal last summer. and in the interview, she said, quote, i feel like embattled or disgraced will always follow my name. it's like that black football player who recently came out. he said i just want to be known as a football player. i don't want to be known as a gay football player. i know exactly what he's saying. deen is referring to nfl prospect michael sam. she recently -- i just don't think this works. i think maybe she ought to try something else, joe, what do you think? i'm wondering if perhaps she might want to just stay away from talking? >> i think she really should. it's like that -- >> -- the talking then is not working for her. >> it's not. >> it's like that black football player -- >> black football player as opposed to one of the white football -- it's like that black -- >> and she sta
brown turned a $25 billion deficit in 2011 into a surplus this year. his approval rating is at an all-time high at 58%. the state's open primary is in june. >>> and on the cover of "people" magazine, paula deen is opening up about her career-shattering scandal last summer. and in the interview, she said, quote, i feel like embattled or disgraced will always follow my name. it's like that black football player who recently came out. he said i just want to be known as a...
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we just lost $1.2 trillion in deficit reduction from last year's baseline to this year's baseline because of slower growth projections. we need to start getting people back to work. this tax reform, lowering tax rates one of the best ideas. just because we have a president that believes in tax redistribution and class warfare doesn't mean we shouldn't say what we think is the right way to go. >> let me ask you as an investor and capitalist and entrepreneur in this country about an idea that i think your party floated that i am really concerned about. you want to tax me 10% surcharge on my income over 450,000 and apply common income taxation to capital gains. that i can ensure you is a bad idea. i speak on behalf of everybody that puts capital in harms way to create businesses. bad idea. i hope you are not going to push that forward. >> i don't want to do things like this but when we are dealing with the code we have and trying to replace it with revenue neutral code we have to do broadening. we are talking about lowering rates across the board. i think you are talking about private equity
we just lost $1.2 trillion in deficit reduction from last year's baseline to this year's baseline because of slower growth projections. we need to start getting people back to work. this tax reform, lowering tax rates one of the best ideas. just because we have a president that believes in tax redistribution and class warfare doesn't mean we shouldn't say what we think is the right way to go. >> let me ask you as an investor and capitalist and entrepreneur in this country about an idea...
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he cuts the military greatly in my opinion not for deficit reduction but for more domestic spending. it just shows the priorities have moved farther to the left and the point i'm trying to make here we have three years left of this administration and we have divided government. normally in a situation like that you would try to fine common ground, work forward common ground. he's moving away from that and tacked hard to the left. yes you could say that's because we're in an election year and that may be why. it's happening nevertheless. i don't know the reasons but he's moving to the left and it makes it hard to bridge to the gap. >> democrats will say they have tried to extend a hand and have not been reciprocated. >> we have a budget agreement. i want to see us build on that success. >> give me a preview of what the paul ryan budget will look like. in years past a lot of the saving have come from overhauling medicare and medicaid. are those proposals include in the paul ryan 2015 budget. >> those programs are going bankrupt and need to be restored, need to be solvent believe these
he cuts the military greatly in my opinion not for deficit reduction but for more domestic spending. it just shows the priorities have moved farther to the left and the point i'm trying to make here we have three years left of this administration and we have divided government. normally in a situation like that you would try to fine common ground, work forward common ground. he's moving away from that and tacked hard to the left. yes you could say that's because we're in an election year and...
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countries that had obviously unsustainable balance of payment situations and that had current account deficits and that needed to have some kind of sell-off to rebalance and other countries where the fundamentals were fine. frankly, it seems like those fears weren't born out. i'm wondering what you think of the dynamic now give whatn what happening and in particular whether or not you think that this is going to have contagion effects elsewhere. >> this is an important question. the emerging markets are in the middle of a major capital outflow. i think some of the data shows that there's been money leaving emerging markets for over 15 weeks already now. >> 18. >> 18 weeks. and i think that we shouldn't expect this to change the matters very much. i think rebecca's question was spot on. how much has the russian action over the weekend really changed the macroeconomic situation and i think very little. i think that applies to the emerging markets as an asset class as well. >> but let me say something. it hasn't changed the macrosituation but it has changed the approach to risk. look what's going
countries that had obviously unsustainable balance of payment situations and that had current account deficits and that needed to have some kind of sell-off to rebalance and other countries where the fundamentals were fine. frankly, it seems like those fears weren't born out. i'm wondering what you think of the dynamic now give whatn what happening and in particular whether or not you think that this is going to have contagion effects elsewhere. >> this is an important question. the...
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because in the end, we could talk about deficits and debt. we could talk about data. but in the end, treasuries really when it gets nasty, when that tina the only -- that there is no alternative to stocks, that changes rather abruptly when stocks go down. and then tina becomes there is no alternative to being long treasuries. we want to keep cognizant of that. to the end the japanese are doing everything in their power to keep the yen weak, let's look at how all that stimulus and various ways they're trying to goose their economy have panned out. one way they've made good strides on. currently the latest reads is 3.7. now, that is the basic lowest rates since july of '07. during that interim period between '07 and now the high was 5.5. the message to this is is that the japanese may have issues for the last 25 years. but huge high unemployment certainly does not seem to be one of them but they made some inroads. base wage, recent data. this is important. base wages were only up 1/10 year over year. one of the things they're trying to do is goose inflation. if you adju
because in the end, we could talk about deficits and debt. we could talk about data. but in the end, treasuries really when it gets nasty, when that tina the only -- that there is no alternative to stocks, that changes rather abruptly when stocks go down. and then tina becomes there is no alternative to being long treasuries. we want to keep cognizant of that. to the end the japanese are doing everything in their power to keep the yen weak, let's look at how all that stimulus and various ways...
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during his tenure, the deficit was redutioned from $290 billion to $70 billion. the dow jones industrials more than tripled, unemployment decreased and more than 18 million new jobs were created. senator bob dole described secretary reuben as a man of honesty and integrity. alan greenspan called him one of the most respected treasury secretaries in history. when he retired in 1999, secretary reuben received glowing reports from democrats and republicans alike. here's what he said about climate change a few weeks ago. and i quote. there are a lot of significant monumental issues facing the global economy, but this one supersedes all else. experts are telling us inaction on climate change threatens the global economy. responding to this threat isn't about disadvantaging ourselves, it's about seizing opportunity. there are already 143,000 solar jobs and 80,000 wind jobs in the united states. winning the global clean energy race will mean millions of jobs and faster economic growth. competitors in china and europe understand this. we risk being left behind if we don'
during his tenure, the deficit was redutioned from $290 billion to $70 billion. the dow jones industrials more than tripled, unemployment decreased and more than 18 million new jobs were created. senator bob dole described secretary reuben as a man of honesty and integrity. alan greenspan called him one of the most respected treasury secretaries in history. when he retired in 1999, secretary reuben received glowing reports from democrats and republicans alike. here's what he said about climate...